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Oil heads for first annual slump in 3 yrs

Bloomberg Oil headed for its first annual decline since 2015, slumping more than 20 percent in a turbulent year that saw fears of supply scarcity turn to expectations of a surplus. Crude surrendered early gains on Monday and fell as much as 1.3 percent in New York, on track for the worst quarterly drop since the last oil market crash ...

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DP World invests $3bn in acquisitions, expansions

Dubai / WAM DP World, Dubai-based global operator of shipping terminals, diversified its global business portfolio through investments and acquisitions worth $3 billion in 2018, the company said. It also deepened its engagement with revolutionary new technologies and extended meaningful support to environmental initiatives around the world during the year, achieving strategic growth in diverse fields, it said. The headline ...

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Mohamed receives FANR delegation

Abu Dhabi / WAM His Highness Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, received a delegation from the Federal Authority for Nuclear Regulation (FANR) on Monday at Qasr Al Bahr in Abu Dhabi. During the meeting, attended by HH Sheikh Tahnoun bin Mohammed Al Nahyan, Abu Dhabi ...

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